63 Sears and Kmart stores Closing by January – 2 in Arizona

Sears Holdings Corp (SHLD.O) said it will close 63 additional stores in the United States after the holiday season as part of its continued effort to return to profitability in a difficult retail environment.

The announcement, made to employees on Thursday and available on the company’s website, follows news last month that Whirlpool Corp would stop supplying some big name-brand appliances to Sears, and a fresh cash infusion from Chief Executive Edward Lampert.

Then on Friday, the company announced that by the end of January, 45 more Kmart and 18 more Sears stores would be closed. In addition to the sale pricing announced two days earlier, the company plans to begin liquidation sales as early as November 9 at the stores that will be closing.

Two in Arizona, the Kmart at 1214 E Florence Blvd. in Casas Grande and the Sears store at Fiesta Mall in Mesa, Arizona.

Sears noted that all the stores tagged for closure will remain open through the holiday season. Of the 18 Sears store closures, there are 15 Sears Auto Centers located at the stores that will be closed in December.

The Real Estate Daily News publishes to highlight business and commercial real estate activity in Arizona. A daily publication that focuses on new residential and commercial developments, income producing properties and businesses relocating or expanding in Arizona.
Call Today 520-877-2656